Sangha Renewables has revealed it has raised $14 million as part of funding for its flagship Bitcoin mining project in West Texas.
Project Overview
The 19.9-megawatt facility will operate directly on a solar energy site and is expected to go live in Q3 2025.
Investment Model and Financial Benefits
According to Sangha, investors can contribute capital either in fiat or Bitcoin to help build the site, in return receiving payouts in Bitcoin at prices below market rate. This approach helps avoid the inefficiencies of traditional mining intermediaries.
Company's Scaling Strategy
The project marks a proof-of-concept for Sangha's broader strategy to scale across the U.S. by deploying similar operations on renewable energy sites. The Texas site is expected to provide some of the lowest electricity costs for mining in North America.
Sangha Renewables continues to enhance its initiatives in Bitcoin mining based on renewable energy, allowing for optimized costs and increased business efficiency.
